Ripple (XRP) Consolidates Gains, Could Revisit $0.60

Ripple gained bullish momentum above $0.5000 and $0.5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0.5750. Ripple gained strength and it even spiked above $0.5500 against the US dollar. The price is now trading nicely above $0.5000 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.5120 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dips in the short-term, but the bulls are likely to remain active above $0.5000. Ripple’s XRP Price Turns Green This week, ripple’s XRP remained stable above $0.5000, while bitcoin and ethereum extended their increase. Earlier, XRP formed a support base above $0.4550 before surging above the $0.5000 resistance. It broke many hurdles near $0.5200 and $0.5500. It traded as high as $0.5764 before starting a consolidation phase. There was a minor drop towards the $0.5500 support. The price also tested the 23.6..

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